China widens restrictions on BHP Group iron ore during contract talks, sources report.

1. China expands restrictions on BHP Group iron ore

• China widened a ban on BHP iron ore for the second time in two weeks.
• The move escalates a months-long dispute over the 2026 supply contract.

2. Ban on Newman fines deliveries

• China’s state-run buyer, China Mineral Resources Group (CMRG), informed mills and traders that Newman fines stored at ports will soon be banned from delivery.

3. Short transition period

• Buyers will still be allowed to take delivery within five working days before the restrictions take effect.

4. Gradual tightening over six months

China has progressively limited several BHP products:

• September: Ban on Jimblebar fines
• November: Ban on Jinbao products
• Recently: Reduced purchases of Newman fines, Newman lumps, and Mac fines

Currently, only some port-stored Newman lumps and Mac fines remain permitted.